Managing directors William H. Browne, John D. Spears, Thomas H. Strager and Robert Q. Wyckoff Jr. operate investment partnership Tweedy Browne (Trades, Portfolio), one of Warren Buffett (Trades, Portfolio)’s Graham-Doddsville Superinvestors. The investment partnership invests in companies using a Ben Graham “intrinsic value” approach. Browne and his team invest in companies at a discount of 40% to the company’s intrinsic value and sell the investment when the market price approaches the fair value.
During fourth-quarter 2016, Browne’s partnership closed its positions in Lockheed Martin Corp. (NYSE:LMT) and Illinois Tool Works Inc. (NYSE:ITW). Additionally, the partnership trimmed stakes in Verizon Communications Inc. (NYSE:VZ), Johnson & Johnson (NYSE:JNJ) and International Business Machines Corp. (NYSE:IBM). Continue Reading »